Which of the following is a characteristic of an intrafamily transfer utilizing a Uniform Gift to Minors Act $($UGMA$)$ account?

A$)$

Income from the account in excess of $$2,500$ is taxed at the child$$s earned income tax rate if the child is subject to the kiddie tax.

B$)$

Income from the account in excess of $$2,500$ for a child subject to the kiddie tax is taxed at the parents' marginal income tax rate.

C$)$

A trust for the account is drafted in accordance with individual state law.

D$)$

A custodian for the account is named as a result of formal court proceedings.